Free Trial

(U9) Dips back under 130-00....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Dips back under 130-00
*RES 4: 134-07+   Jul 6 2016 high
*RES 3: 131-23+   Sep 30 2016 high
*RES 2: 131-00    Nov 9 2016 High
*RES 1: 130-27+   Aug 7 high
*PRICE: 129-24+   @ 11:02 BST, Aug 8
*SUP 1: 128-14+   Aug 2 low
*SUP 2: 127-20/12 50-dma/Trendline drawn off Apr 17 low
*SUP 3: 125-23+   100-dma
*SUP 4: 125-23    38.2% 117-13+130-27+
10-Yr futures closed above 130-00 yesterday for the first time since Nov 2016,
before easing through the European morning to 129-20+. Technical indicators
remain stretched putting immediate focus on the Aug 2 low at 128-14+, ahead of
the 50-dma & trendline drawn off the Apr 17 low at 127-17+/12. Bulls need to
clear 131-00 to reignite upside momentum, opening the potential of a return to
the Jul 2016 highs at 134-07+.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.